Expatriate Insurance News: Expats succeed setting up firms abroad

Research from the NatWest International Personal Banking (IPB) Quality of Life Index found 70 per cent of expatriate entrepreneurs believe they have accomplished more from establishing a firm overseas.

Singapore, Hong Kong and the US were highlighted as particularly good nations for enterprises, while Spain, the UAE and China were described as the worst.

Negative corporate outlooks are experienced in Portugal, Spain and France, whereas Canada, Australia and New Zealand were rated to have the best prospects.

"Setting up your own business can be difficult and you would imagine doing so abroad would be a task for the brave," NatWest IPB head Dave Isley said.

"A new breed of entrepreneurs is emerging," he added.

When asked what the major advantages are of locating a company in foreign climes, 78 per cent of expats cited faster growth.

Local knowledge can be a vital tool when setting up a firm in a different country, Emigration Expert noted.

Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.

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